EP Cargo buys majority stake in Spedica
CZECH REPUBLIC: The EP Cargo rail freight business of power and industrial group EPH has agreed a deal to become the majority shareholder in transport and logistics group Spedica, which owns freight operator RM Lines.
Subject to competition authority approval, EP Cargo is to acquire a 60% stake in Spedica, with Petr Sýkora and Martin Feifrlík each retaining 20%.
EP Cargo is gradually strengthening its position in the rail market following the acquisition in July 2015 of a majority stake in LokoTrain. In 2015 it had sales of KC840m, generating a net profit of KC77m.
Spedica is mainly involved in transport of cereals and oil products, with a turnover of KC1·3bn in 2015.